Victorian Numbered Acts

CAULFIELD RACECOURSE RESERVE ACT 2017 (NO. 58 OF 2017) - SECT 42

    (1)     The Trust must establish and maintain a fund called the Caulfield Racecourse Reserve Trust Fund.

    (2)     There must be paid into the Caulfield Racecourse Reserve Trust Fund—

        (a)     all money received by or paid to the Trust in respect of the Reserve; and

        (b)     all money required or authorised by or under this Act or any other Act to be paid into the Caulfield Racecourse Reserve Trust Fund; and

        (c)     any income received by the Trust from the investment of moneys in the Caulfield Racecourse Reserve Trust Fund.

    (3)     There may be paid out of the Caulfield Racecourse Reserve Trust Fund—

        (a)     in payment or discharge of the debts and liabilities of the Trust in, or in connection with, the performance of the functions and exercise of the powers of the Trust in respect of the Reserve; or

        (b)     in payment of the costs of the management of the Reserve or the provision of services on that land; or

        (c)     in payment of any other amount that is authorised or required to be paid out of the Caulfield Racecourse Reserve Trust Fund under this Act.

Part 6—Enforcement and regulations